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[–] 44 points 1 month ago

Oh I cannot wait to hear Ed Zitron's take on this. I'm sure he'll say something about a "dog's asshole on Thanksgiving". Lol.

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  • [–] 33 points 1 month ago* (last edited 1 month ago) (4 children)

    They're spending a trillion every year with a 50 billion take in. It is way more than 20 billion.

    Enshitification guy with Jon Stewart explaining what's going on in AI: https://www.youtube.com/watch?v=-dAIJRjb-Bw

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  • [–] 9 points 1 month ago (2 children)

    The $20 billion is less than what they expected, not their total shortfall. They expected $50 billion and got $30 billion or whatever the actual numbers are.

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  • [–] 52 points 1 month ago (11 children)

    Yawn. This shit's been teetering on the brink for years now. Wake me up when it finally collapses.

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  • [–] 36 points 1 month ago (10 children)

    8/2027 is when they run completely out of money at their current burn rate.

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  • [–] 32 points 1 month ago (4 children)

    Not if they find more fools to fleece.

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  • [–] 18 points 1 month ago* (3 children)

    Those folks keep getting more and more options too be fleeced by. There's only so much to go around to keep the bubble inflated

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  • [–] 12 points 1 month ago (1 child)

    I knew they were desperate once I saw them try to fleece professional mathematicians.

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  • [–] 7 points 1 month ago

    Not to mention the free, open source models you can run even on older phones that are plenty good enough for most use cases and don’t hoover up morbid amounts of personal data to later leak. Those aren’t very profitable for any of the big companies. Oh well.

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  • [–] 7 points 1 month ago (4 children)

    But the money is flowing in a circle, will it ever truly run out?

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  • [–] 16 points 1 month ago (1 child)

    That circle of money has leaks going to power, construction, electricity, water, etc. No one is making any profit off of this shit yet, and increasing users is only increasing their expenditure. Banks well only give so much leeway. They just posted a $20 bn loss, and postponed their IPO. They're circling the drain. Cheaper competitors spring up daily

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  • [–] 22 points 1 month ago (2 children)

    But surely this massive financial failure is due to OpenAI purposefully self-harming by not releasing their latest models due to their own ethical concerns over safety. It is the very high moral standing of the corporate leadership, sacrificing profit for the safety of humanity, that has caused this loss.

    Worth a try.

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  • [–] 15 points 1 month ago

    Imagine that, the great labor replacer is worthless for most tasks and losing tens of billions of dollars a year isn't sustainable.

    Though, ironically, it's pretty good at helping people ignore corporate(Sony) DRM. I wonder if Anthropic will showcase that project at their next investor meeting...

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  • [–] 14 points 1 month ago

    The demand for AI that is NOT shoved down everyone's throat is likely very small (taken in context)... which is why they will put it everywhere, whether you want it or not, so they can turn and pretend all of it is actual demand

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  • [–] 7 points 1 month ago

    Oh, teetering. Is Scam altman not a billionaire now. Fucking bullshit.

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  • [–] 4 points 1 month ago

    They should have asked AI what to do /s

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  • [–] 3 points 1 month ago
    [–] 1 point 1 month ago

    That’s fine, the Australian government will cover it somehow with our revenue if this Seppo demands it

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  • [–] -5 points 1 month ago

    Have we not learned by now that bubbles don’t pop? They’re are no bubbles.

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